Outdoor Furniture Market Size, Share, Industry Trends and Forecast to 2033
This report delivers comprehensive insights into the outdoor furniture market from 2023 to 2033, including current trends, market size projections, segmentation analysis, and regional evaluations. Key findings aim to guide stakeholders in making informed decisions within this evolving industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $14.80 Billion |
| CAGR (2023-2033) | 6.8% |
| 2033 Market Size | $29.09 Billion |
| Top Companies | Trex Company, Inc., Herman Miller, Lowe's Companies, Inc., IKEA |
| Last Modified Date | 15 November 2024 |
Outdoor Furniture Market Overview
What is the Market Size & CAGR of the Outdoor Furniture Market in 2023?
Outdoor Furniture Industry Analysis
Outdoor Furniture Market Segmentation and Scope
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Outdoor Furniture Market Analysis Report by Region
Europe Outdoor Furniture Market Report:
The European outdoor furniture market is forecasted to grow from $4.35 billion in 2023 to $8.56 billion by 2033, driven by trends towards sustainable living and outdoor tourism, particularly in countries like Germany, France, and the UK.Asia Pacific Outdoor Furniture Market Report:
The Asia-Pacific outdoor furniture market is emerging rapidly, with anticipated growth from $3.16 billion in 2023 to approximately $6.22 billion by 2033. Increased urbanization, a growing middle class, and investments in tourism are driving demand, particularly in countries like China and India.North America Outdoor Furniture Market Report:
North America is expected to experience a significant increase in market size, growing from $4.90 billion in 2023 to $9.63 billion by 2033, fueled by a high number of residential homes with outdoor spaces and the popularity of outdoor entertaining.South America Outdoor Furniture Market Report:
In South America, the market is projected to grow from $1.08 billion in 2023 to $2.12 billion by 2033. This growth can be attributed to the expanding hospitality sector and increasing outdoor leisure activities.Middle East & Africa Outdoor Furniture Market Report:
The Middle East and Africa market is expected to rise from $1.31 billion in 2023 to $2.57 billion by 2033, supported by the growing hospitality and tourism sectors and improving outdoor lifestyle trends.Request a custom research report for industry.
Outdoor Furniture Market Analysis By Material
Global Outdoor Furniture Market, By Material Market Analysis (2024 - 2033)
Wood remains the dominant material in outdoor furniture, holding a market size of $9.05 billion in 2023 and projected to grow to $17.79 billion by 2033. Metal is also crucial, growing from $4.27 billion to $8.39 billion over the same period. Plastic furniture, while smaller, is on the rise due to its low maintenance and cost-effective nature.
Outdoor Furniture Market Analysis By Product Type
Global Outdoor Furniture Market, By Product Type Market Analysis (2024 - 2033)
Chairs represent a significant segment of the market, valued at $6.58 billion in 2023 and expected to reach $12.92 billion by 2033. Tables follow with a size of $3.53 billion to $6.94 billion, with benches, sofas, and umbrellas also contributing to market diversity.
Outdoor Furniture Market Analysis By Style
Global Outdoor Furniture Market, By Style Market Analysis (2024 - 2033)
Traditional styles account for 55.2% of market share in 2023, with projected growth to 55.2% in 2033. Modern and contemporary styles are also gaining traction, enhancing the outdoor aesthetic preferences of consumers.
Outdoor Furniture Market Analysis By Usage
Global Outdoor Furniture Market, By Usage Market Analysis (2024 - 2033)
Residential use dominates the market with a share of 61.15%, as consumers continue to invest in outdoor living enhancements. Commercial and hospitality segments are also significant, focusing on creating engaging outdoor spaces for guests.
Outdoor Furniture Market Analysis By Price Range
Global Outdoor Furniture Market, By Price Range Market Analysis (2024 - 2033)
Budget furniture holds a substantial share of 61.15% in 2023, indicating a strong preference for affordability. However, mid-range and premium segments are expected to grow as consumers seek higher quality and aesthetics in outdoor furniture.
Outdoor Furniture Market Trends and Future Forecast
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Global Market Leaders and Top Companies in the Outdoor Furniture Industry
Trex Company, Inc.:
Trex Company is known for its eco-friendly composite decking and outdoor furniture solutions, leading the industry in sustainability innovations.Herman Miller:
Herman Miller specializes in modern furniture design and is expanding its outdoor product lines, emphasizing timeless design and functionality.Lowe's Companies, Inc.:
Lowe's is a major retailer in home improvement, offering a variety of outdoor furniture options and emphasizing customer service and product availability.IKEA:
IKEA is renowned for its affordable and stylish outdoor furniture, focusing on sustainability and modular designs to appeal to a wide customer base.We're grateful to work with incredible clients.
Related Industries
FAQs
What is the market size of outdoor Furniture?
The outdoor furniture market is valued at approximately $14.8 billion in 2023, with a projected Compound Annual Growth Rate (CAGR) of 6.8% through 2033, indicating strong growth and increasing consumer demand.
What are the key market players or companies in this outdoor Furniture industry?
Key players in the outdoor furniture market include prestigious brands such as Brown Jordan, Kingsley Bate, and Lifetime Products. These companies are renowned for their innovative designs and high-quality materials that appeal to a wide customer base.
What are the primary factors driving the growth in the outdoor furniture industry?
Growth in the outdoor furniture market is driven by a surge in outdoor living trends, increased consumer spending on home improvement, and the rising popularity of eco-friendly materials and designs, catering to sustainability-conscious consumers.
Which region is the fastest Growing in the outdoor furniture market?
The fastest-growing region in the outdoor furniture market is North America, expected to grow from $4.90 billion in 2023 to $9.63 billion by 2033. Additionally, Asia Pacific is also experiencing significant growth, achieving a similar upward trajectory.
Does ConsaInsights provide customized market report data for the outdoor furniture industry?
Yes, ConsaInsights offers customized market report data tailored for the outdoor furniture industry, enabling clients to access specific insights and analyses that align with their strategic goals and operational requirements.
What deliverables can I expect from this outdoor furniture market research project?
Deliverables include comprehensive market analysis reports, segmented market data by various categories, growth forecasts up to 2033, and regional insights, providing a holistic view of the outdoor furniture market.
What are the market trends of outdoor furniture?
Current trends in outdoor furniture include a shift towards sustainable materials, growth in multifunctional designs, and rising demand for luxury outdoor living spaces, reflecting consumers' evolving lifestyles and preferences.